Trican Well Service (TSE:TCW) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Trican Well Service Ltd. (TSE:TCW)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4.66 and traded as high as C$4.91. Trican Well Service shares last traded at C$4.85, with a volume of 670,391 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TCW shares. Raymond James cut their target price on shares of Trican Well Service from C$5.00 to C$4.75 in a research note on Tuesday, October 15th. Cormark boosted their price target on shares of Trican Well Service from C$6.00 to C$6.50 in a report on Monday, July 29th. Royal Bank of Canada raised their price objective on shares of Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. TD Securities cut their target price on shares of Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating on the stock in a research note on Tuesday, October 8th. Finally, BMO Capital Markets reduced their target price on Trican Well Service from C$5.50 to C$5.00 in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$5.72.

Trican Well Service Stock Performance

The company has a current ratio of 2.60, a quick ratio of 1.75 and a debt-to-equity ratio of 3.90. The firm has a market capitalization of C$927.07 million, a PE ratio of 8.47, a PEG ratio of 0.22 and a beta of 1.73. The firm’s fifty day moving average price is C$4.67 and its 200 day moving average price is C$4.67.

Trican Well Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.045 per share. The ex-dividend date is Friday, December 13th. This represents a $0.18 annualized dividend and a dividend yield of 3.73%. Trican Well Service’s dividend payout ratio (DPR) is 31.58%.

About Trican Well Service

Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.